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Old 09-20-2011, 12:22 PM   #1
Samen
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Exclamation EU, IMF Raise Concerns Over EU Bank's Capital

The EU's competition commissioner warned that more than the nine banks that failed the stress tests this summer may need to be recapitalized and proposed extending crisis rules that make it easier for governments to rescue failing lenders.


http://www.npr.org/templates/story/s...ryId=140624752


....

NOTE ! This is the first time a high up EU official admits the need for more wide spreed bank re capitalization in the EU
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Old 09-20-2011, 01:50 PM   #2
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Gordon Brown came out three days ago and said the same thing...
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Old 09-20-2011, 05:21 PM   #3
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Quote:
The EU's competition commissioner
Laugh, or cry? I'm on this side of the Atlantic, so I guess I give a slight edge to .
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Old 09-20-2011, 05:23 PM   #4
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Originally Posted by dharma View Post
Laugh, or cry? I'm on this side of the Atlantic, so I guess I give a slight edge to .
My laugh or cry phrase was 'stress test'.
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Old 09-20-2011, 06:25 PM   #5
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I heard on the morning news that Global growth would be lower than expected next year due to ........................."Fear of the "UNKNOWN" what crap
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Old 09-20-2011, 06:28 PM   #6
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Arrow

The problems are all too well known by all.
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Old 10-11-2011, 03:45 PM   #7
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http://www.reuters.com/article/2011/...79A34J20111011

Europe hits banks with tougher capital test
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Old 10-11-2011, 04:20 PM   #8
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Quote:
Originally Posted by Ought Six View Post
http://www.reuters.com/article/2011/...79A34J20111011

Europe hits banks with tougher capital test
Money quote (pardon the pun) from the story...

Quote:
Euro zone leaders have stepped up plans to bolster bank capital as part of a wider rescue package, which was given greater impetus by this week's rescue of Belgian-French lender Dexia (DEXI.BR), which comfortably passed the July health check.
Retards.
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Old 10-18-2011, 11:03 AM   #9
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Moody's warns on France's credit rating


http://www.bbc.co.uk/news/business-15346553
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Old 10-19-2011, 10:33 AM   #10
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Default EU Banks need 2 Trillion in Cash.

EU Banks Desperate for Cash, Vow to Sell $1 Trillion in Assets.

Morgan Stanley predicts that the amount needed could reach 2 trillion euros across Europe by the end of next year as banks curb lending and sell loans and entire businesses. A lack of buyers and the losses lenders face on loan sales are making those targets unrealistic.

“Asset sales are impractical in the current environment,” said Simon Maughan, head of sales and distribution at MF Global UK Ltd. in London. “Every bank is selling, and no bank is buying. It just won’t work.

Oct 19th 2011
http://www.bloomberg.com/news/2011-1...alization.html

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Old 10-20-2011, 02:27 PM   #11
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Europe appears to be in utter chaos .

The European Stabilization Fund is clearly in deep
trouble with significant leaders making conflicting statements .
Meanwhile the main stock markets are apparently being manipulated to
prevent a plunge .

For what it is worth I had expected TPTB to attempt a kill of short
sellers at the end of this week by driving the market high . However
supporting the market in this economic climate is hard work .

One must suspect the absurd Philly Fed business outlook survey result is
part of that scam because they understand it will be very hard to prevent
a sharp market fall at closing time on Friday night .

Next week is interesting because of Gold options expiry and it would
be convenient for TPTB to allow a market fall so they can once again
slam the precious metal speculators at options expiry .

( Just my unfounded fantasy chaps , take it with a grain of salt ) .
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Old 10-21-2011, 12:21 AM   #12
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Read off 0-hedge, that there is not enough dough to roll both Sovereign debt and banks...so the banks are going to 'suck hind tit' as my mother used to say.

"A pox on all their houses"
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Old 10-21-2011, 10:56 PM   #13
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If you kick a can long enough, you are going to trip.
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